Latest News in the Insurance Industry
- Mine Safety Chief Seeks to End Complacency Over Safety
by Vicki Smith - 5 Feb 2012 at 9:41pm
If there’s one lasting cultural change Mine Safety and Health Administration Director Joe Main wants to make in both the federal agency and the industry it regulates, it’s ending the cycle of inten...
- Florida Senate Panel Clears PIP Fraud-Fighting Bill
by admin - 5 Feb 2012 at 9:34pm
A Senate panel has cleared a bill aimed at cutting down the massive fraud plaguing Florida’s personal injury protection, or PIP, coverage program. The Senate Committee on Banking and Insurance pass...
- Florida Bill to Let Surplus Lines Assume Citizens Policies Advances
by admin - 5 Feb 2012 at 9:30pm
Legislation designed to help state-backed Citizens Property Insurance Co. spin off customers to reduce its hurricane risk cleared the Florida House after a heated debate Friday. The bill (HB 245) w...
- Mississippi May Mandate Homeowner Insurance Discounts for Mitigation
by admin - 5 Feb 2012 at 9:28pm
Mississippi Insurance Commissioner Mike Chaney said he is working with legislators on a bill that would require insurers to offer discounts to homeowners who have strengthened homes against wind da...
- Whistleblower Law Does Not Protect Mutual Fund Employees: Court
by admin - 5 Feb 2012 at 9:24pm
A U.S. law protecting whistleblowers at publicly traded companies does not cover employees of mutual funds, a federal appeals court ruled on Friday in a case involving two former Fidelity Investmen...
- Out of Trust C.M. Meiers Brokerage in Southern California Fetches $1.375 Mill...
by Don Jergler - 3 Feb 2012 at 9:57pm
Woodland Hills, Calif.-based C.M. Meiers Co. Inc. was auctioned on Friday at a U.S. bankruptcy court near Los Angeles, with three competing bidders pushing the sales price to $1.375 million for the...
- Virginia Court Grants Rehearing of Global Warming Claims Case
by admin - 3 Feb 2012 at 3:13pm
The Virginia Supreme Court has recently granted rehearing of a closely followed legal case involving global warming, The AES Corp. vs. Steadfast Insurance Company. The court says its previous decis...
- Judge Certifies Investor Class Action Against Goldman Sachs
by Jonathan Stempel - 3 Feb 2012 at 2:09pm
Goldman Sachs Group Inc. was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage lo...